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Plus, the latest people moves and all the top news of the week. -
Incumbent Jane Warren will retire at the end of the year.
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Without flexible mechanisms the Corporation risks suppressing transactions.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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It comes as the MGA expects to write more than $1bn of premium in 2026.
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The former civil servant joined the Corporation in October 2021.
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Jo Smart has worked for Torus and Aegis during his two decades in the market.
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Volante launched Syndicate 1699 in 2021.
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Inigo CEO Richard Watson said the team is ready for its “second album”.
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What’s driving the wave of shifting ownership structures in the Lloyd’s market?
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The upcoming Lloyd’s Lab cohort 16 will include a dedicated Irish theme.
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Several airlines are understood to have come to market early.
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Legacy reinsurance deals will be reviewed by the Legacy Review Panel.
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The Lloyd’s investment business has cut expenses by 54% over the past six months.
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The deal will be watched closely by Radian’s handful of similar peers.
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The pair hail from Dale Underwriting and Axa XL, respectively.
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Plus, the latest people moves and all the top news of the week.
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Small modular reactors are increasingly viewed as a means of meeting surging energy demand.
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The veteran underwriter said market conditions are still ‘robust’.
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The Corporation’s chair reiterated its aim to reduce the cost of doing business.
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The Corporation’s chair laid out plans to make Lloyd’s a preeminent market in the long term.
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How does Lloyd’s plan to secure its future as a leading global marketplace?
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Losing senior women creates a knock-on effect as juniors lose role models.
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The mortgage insurer said Inigo will continue to operate as a standalone business.
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The CEO said the lack of portfolio crossover was highly attractive to Inigo.
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The US mortgage insurer announced its $1.7bn acquisition of Inigo earlier today.
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The deal becomes part of a wave of carrier dealmaking.
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Organisations were challenged to address systemic DEI failure rather than play “word salad” with labels.
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Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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Property remains the dominant line, accounting for nearly 30% of total London premiums.
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The business has ramped up its underwriting volume since launching in Lloyd’s last July.
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Plus, the latest people moves and all the top news of the week.
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This will be the 15th cohort of companies to go through the Lloyd’s Lab.
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There are concerns that repeated delays could lead to market disengagement with the process.
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Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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Apollo most recently received in-principle approval for Syndicate 1972.
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The insurer’s plans for the syndicate were revealed by this publication earlier this year.
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The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Mark ‘Ollie’ Hollingworth has held his current role at Atrium since 2017.
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Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.
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Maintaining underwriting discipline was central to the Corporation's messaging.
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It was announced this week that the business had agreed to be acquired by Skyward Specialty.
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Skyward’s acquisition of Apollo will provide access to the London Bridge framework.
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Rachel Turk said product-line facilities had been “under-scrutinised”.
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Rönesans covers lines including aviation, energy, engineering and liability.
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The carrier said the decision reflected its commitment to portfolio discipline.
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Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn.
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The cycle-turn M&A story continues with strategic buyers to the fore.
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Lloyd’s will keep heritage systems operationally resilient until at least 2030.
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Syndicate 1440 was approved to assume business incepting January 2026.
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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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A notable uptick in attendance underpins the value still placed on the iconic trading centre.
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What happens when a global broker network decides to fill a gap in the London market itself?
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The news comes after the announcement of CEO Graham Evans’ departure.
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The carbon-credit insurer has appointed James Morrell head of credit underwriting.
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